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M Saraswathy

Assistant Editor

Moneycontrol News

Saraswathy has been covering stories in the areas of insurance, HR and education for the past 10 years, having worked in the past with Business Standard.

Coming soon, a National Educational Technology Forum to boost digital education

BUSINESS

Coming soon, a National Educational Technology Forum to boost digital education

The NETF will provide independent evidence-based advice to central and state government agencies on technology-based interventions. The education ministry has already held a series of meetings with state education boards between October 2020 and April 2021.

IDBI Bank divestment: LIC may sell stake in multiple tranches, up to 5% in FY22

BUSINESS

IDBI Bank divestment: LIC may sell stake in multiple tranches, up to 5% in FY22

LIC which is the promoter of IDBI Bank is likely to sell stake and unlock value ahead of its initial public offering in Q3FY22.

Companies are hiring, even amidst COVID-19 second wave: Randstad India executives

BUSINESS

Companies are hiring, even amidst COVID-19 second wave: Randstad India executives

Paul Dupuis, MD and CEO, Randstad India and Viswanath PS, CFO, Randstad India are seeing no major impact on an immediate basis in India's hiring market despite COVID-19 situation getting worse.

Supreme Court strikes down Maratha reservation in jobs and education, saying it violates right to equality

BUSINESS

Supreme Court strikes down Maratha reservation in jobs and education, saying it violates right to equality

The apex court held that the 50 percent ceiling for reservations cannot be exceeded in any state. It was responding to a Devendra Fadnavis-led state government legislation, which offered 16 percent reservation for the Maratha community in 2018; students relieved, but hope for some reprieve from authorities

IPL 2021 suspended: Here's why the game isn't insured against COVID-19

BUSINESS

IPL 2021 suspended: Here's why the game isn't insured against COVID-19

Since the IPL insurance taken by the organisers has excluded COVID-19, no delays or cancellations in the 2021 matches will be eligible for claims; Rs 3,500 crore tournament cover related to weather-related or manmade disasters

VK Bansal: The man who pinned Kota as the coaching capital of India

BUSINESS

VK Bansal: The man who pinned Kota as the coaching capital of India

Bansal Classes founder VK Bansal, who passed away after a prolonged illness on May 3, was behind Rajasthan's Kota becoming a Mecca for engineering aspirants.

TV prices set to rise again as govt considering customs duty hike on open-cell panels

BUSINESS

TV prices set to rise again as govt considering customs duty hike on open-cell panels

The government wants to incentivise local manufacturing by increasing customs duty. The plan is to increase the duty by up to 12 percent in three years from the current 5 percent. In Sept 2019, the CBIC had said there will be no hike in cutoms duty if manufacturers develop domestic capacity

LIC sees Rs 3.76 lakh crore additions in equity holding value in FY21

BUSINESS

LIC sees Rs 3.76 lakh crore additions in equity holding value in FY21

The country’s largest insurer saw its equity holding value rise to Rs 7.69 lakh crore in FY21 as against Rs 3.93 lakh crore a year ago, representing a whopping 96 percent year-on-year growth

COVID-19: Here’s a primer on getting insurance claims settled on time

BUSINESS

COVID-19: Here’s a primer on getting insurance claims settled on time

Keep a list of documents and medical bills ready for quick claims settlement. If your insurer has a tie-up with a local hospital, opt for it.

Up to Rs 1 crore a month — this is how much insurers could save by hot desking, hybrid offices

TRENDS

Up to Rs 1 crore a month — this is how much insurers could save by hot desking, hybrid offices

Giving up office space by sending some teams to work-from-home settings while retaining others through hot desking options is being explored to cut costs.

Exclusive | COVID-19 second wave: Amid tussle between hospitals and insurers, 171,000 claims await settlement

BUSINESS

Exclusive | COVID-19 second wave: Amid tussle between hospitals and insurers, 171,000 claims await settlement

The delays in clearing claims are primarily because of disagreements between hospitals and insurance companies over the claim amount and charges imposed. As of April 28, there were 1.1 million Covid-19 health claims worth Rs 15,568 crore filed with insurers. Of these, 930,729 claims worth Rs 8,918.57 crore have been settled.

No child left behind: Come 2023, schools will no longer rank students merely on marks scored in exams

BUSINESS

No child left behind: Come 2023, schools will no longer rank students merely on marks scored in exams

The Education Ministry wants schools to promote multi-disciplinary education by having a 50-50 balance of academics with other activities such as sports, literature, martial arts, music and dance. Students will be assessed on aspects such as their participation in extra-curricular activities, inter-school competitions, sporting prowess and basic etiquette. Classroom interactions will also be closely monitored.

General insurers seek higher rate for third-party motor insurance as losses mount

BUSINESS

General insurers seek higher rate for third-party motor insurance as losses mount

Insurers say their viability is at stake as losses are mounting, and the regulator did not increase third-party insurance rates in FY21, but transporters are opposing the move saying higher premium will amplify their stress

COVID-19 claims: Insurers look to redraft service-level agreements with hospitals

BUSINESS

COVID-19 claims: Insurers look to redraft service-level agreements with hospitals

Many hospitals are not ready to settle cashless claims despite agreements with insurers. Facing the heat from the finance ministry and the regulator, insurers are looking to tweak these agreements and remove errant hospitals from the network.

Semiconductor shortage may choke laptop supply ahead of new academic session

BUSINESS

Semiconductor shortage may choke laptop supply ahead of new academic session

Laptops could be in short supply in India because of the scarcity of semiconductor chips made in China. The shortage comes during the peak-demand period of March-June, which accounts for 40 percent of sales in India

How to not be a 'Covidiot' employer during a raging pandemic

BUSINESS

How to not be a 'Covidiot' employer during a raging pandemic

Employees are engaging in extremely callous behaviour, ranging from hiding COVID-19 positive data of colleagues from close contacts in the office to forcing staff to work despite being infected.

Covid-19 second wave: Job losses, pay cuts back to haunt restaurants

BUSINESS

Covid-19 second wave: Job losses, pay cuts back to haunt restaurants

The second wave of Covid-19 has hit the restaurant industry hard since lockdown-like restrictions have led to eateries only being allowed to offer home-delivery and takeout services.

Board exam cancelled for Class X: Tougher entry conditions likely for Class XI admission

BUSINESS

Board exam cancelled for Class X: Tougher entry conditions likely for Class XI admission

Students are worried that in the absence of board exam scores, there would be no objective criterion to evaluate them, which creates a lot of uncertainty about their future.

Post COVID-19 troubles: Recovered people find higher exclusions, rise in insurance denials

BUSINESS

Post COVID-19 troubles: Recovered people find higher exclusions, rise in insurance denials

Insurance companies, facing almost 10 lakh COVID-19 claims worth Rs 14,000 crore, are either denying new policies to people who recover from the disease, or inserting harsh clauses, fearing big claims in the future, but vaccination is likely to restore normalcy even though the premium may be high.

Jabs for all: Students planning to go abroad for education feel left out

BUSINESS

Jabs for all: Students planning to go abroad for education feel left out

Many universities in the US are planning to make vaccination compulsory to be able to attend physical classes in 2021. For Indian students, this is an added concern.

Covid-19 second wave: Offline coaching classes feel the heat

BUSINESS

Covid-19 second wave: Offline coaching classes feel the heat

Several coaching classes offering tutoring for board exams and competitive tests have not been able to pivot to online modules. With fresh curbs restricting movement across India due to Covid-19, these coaching-centre owners are a worried lot

COVID-19 second wave: Students giving board exams face their worst ordeal in 2021

INDIA

COVID-19 second wave: Students giving board exams face their worst ordeal in 2021

For Indian students giving their Class X and Class XII board examinations in 2021, there is a constant fear of exams being postponed and results being delayed due to the second wave of COVID-19.

Explained: What the PFRDA Amendment Bill means for pension subscribers

BUSINESS

Explained: What the PFRDA Amendment Bill means for pension subscribers

The Pension Fund Regulatory and Development Authority (PFRDA) Amendment Bill looks to separate the NPS Trust from PFRDA. This is to ensure that there is no conflict of interest. It also seeks to establish a Pension Trust for employees of private sector companies.

Restrictions may impact sales in short-term, pent-up demand will release soon after: Godrej's Kamal Nandi

BUSINESS

Restrictions may impact sales in short-term, pent-up demand will release soon after: Godrej's Kamal Nandi

Godrej Appliances is manufacturing medical refrigerators at its Shirwal facility in Satara, Maharashtra. However, other appliance production in the state is now temporarily suspended till April 30 due to state government restrictions.

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